Available-for-Sale-Securities

9 Months Ended

Sep. 30, 2025

Debt Securities, Available-for-Sale [Abstract]

Available-for-Sale Securities

The following table is a summary of available-for-sale securities recorded in cash and cash equivalents or marketable securities in the Company's Consolidated Balance Sheets (in thousands):


	September 30, 2025								December 31, 2024
	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value		Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

Corporate debt securities	$	—	$	—	$	—	$	—	$	16,025	$	—	$	(4)	$	16,021

Money market funds	14,492		—		—		14,492		6,614		—		—		6,614
Agency bonds	—		—		—		—		613		—		—		613
Treasury bills	—		—		—		—		1,496		—		—		1,496
Municipal debt securities	—		—		—		—		905		—		—		905
Total	$	14,492	$	—	$	—	$	14,492	$	25,653	$	—	$	(4)	$	25,649

Estimated fair values of available-for-sale securities are generally based on prices obtained from commercial pricing services. The following table summarizes the classification of the available-for-sale securities in the Company's Consolidated Balance Sheets (in thousands):


	September 30, 2025		December 31, 2024
Cash equivalents	$	14,492	$	10,613
Marketable securities	—		15,036
Total	$	14,492	$	25,649

The following table summarizes the Company's portfolio of available-for-sale securities by contractual maturity (in thousands):


	September 30, 2025
	Amortized Cost		Estimated Fair Value
Less than one year	$	14,492	$	14,492
Greater than one year	—		—
Total	$	14,492	$	14,492